Fixed Rate Loans?

[euroazn]

Just out of curiosity, is there any private lender which offers a fixed rate on student loans? Thanks!

 

[amanda.jayne]

Once you accept you should get in touch with your schools Financial Aid office - they will be able to help you sort it out.

I would look into the government loans before turning to a private lender.

Federal Stafford Loans will likely be your first step (you may qualify for a subsidy), there are also Pell Grants (don't need to be repaid)that you may be eligible for. Afterwards PLUS loans (which are fixed rate) are another option. I believe both Stafford and PLUS allow the interest to be deffered until 6 mos after graduation at which point they can be consolidated at rather competitive rates.

 

[euroazn]

Stafford loans have limits. We use 'em up.
Pell grants I'm not poor enough for :P
And PLUS loans aren't something my parents are willing to do - *I'm* the one taking on the loans.

Thanks though!

 

[amanda.jayne]

If you don't have a high credit score/long credit history you will need to find a cosigner, in any event...

 

[euroazn]

They're willing to cosign, but not explicitly take on loans.

 

[amanda.jayne]

Sallie Mae?

Beyond that, talk to your school and/or bank.

Aside, check out upromise.

After 5 years I've saved/transferred about $800 to my 529 account by routing my online shoppping through them - it doesn't amount to much but every little bit counts

 

[Applepie]

I am a student and I got a student loan from Oxford Funding, the rates are not that high and I made a good decision to apply for a loan.